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Fair Value (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets and Liabilities Carried at Fair Value
The following tables present information with respect to our financial assets and liabilities carried at fair value in our consolidated statement of condition on a recurring basis as of the dates indicated:
Fair Value Measurements on a Recurring Basis
As of March 31, 2026
(In millions)Quoted Market
Prices in Active
Markets
(Level 1)		Pricing Methods
with Significant
Observable
Market Inputs
(Level 2)		Pricing Methods
with Significant
Unobservable
Market Inputs
(Level 3)
Impact of Netting(1)
Total Net
Carrying Value
in Consolidated
Statement of
Condition
Assets:
Trading account assets:
U.S. government securities$55 $— $— $55 
Non-U.S. government securities— 118 — 118 
Other— 669 — 669 
Total trading account assets$55 $787 $— $842 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations$25,008 $— $— $25,008 
Mortgage-backed securities— 16,519 — 16,519 
Total U.S. Treasury and federal agencies25,008 16,519 — 41,527 
Non-U.S. debt securities:
Mortgage-backed securities— 2,643 — 2,643 
Asset-backed securities— 2,293 — 2,293 
Non-U.S. sovereign, supranational and non-U.S. agency— 19,279 — 19,279 
Other— 2,887 — 2,887 
Total non-U.S. debt securities— 27,102 — 27,102 
Asset-backed securities:
Student loans— 37 — 37 
Collateralized loan obligations— 2,863 — 2,863 
Other— 91 — 91 
Total asset-backed securities— 2,991 — 2,991 
State and political subdivisions— 25 — 25 
Total available-for-sale investment securities$25,008 $46,637 $— $71,645 
Other assets:
Derivative instruments:
Foreign exchange contracts$34 $24,850 $6 $(16,399)$8,491 
Interest rate contracts— 16 — (16)— 
Total derivative instruments34 24,866 6 (16,415)8,491 
Other19 874 — — 893 
Total assets carried at fair value$25,116 $73,164 $6 $(16,415)$81,871 
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts$4 $25,409 $3 $(20,577)$4,839 
Interest rate contracts3 29 — (29)3 
Other derivative contracts4 125 — — 129 
Total derivative instruments11 25,563 3 (20,606)4,971 
Total liabilities carried at fair value$11 $25,563 $3 $(20,606)$4,971 
(1) Represents counterparty netting against level 2 financial assets and liabilities where a legally enforceable master netting agreement exists between us and the counterparty. Netting also reflects asset and liability reductions of $2.20 billion and $6.39 billion, respectively, for cash collateral received from and provided to derivative counterparties.
Fair Value Measurements on a Recurring Basis
As of December 31, 2025
(In millions)Quoted Market
Prices in Active
Markets
(Level 1)		Pricing Methods
with Significant
Observable
Market Inputs
(Level 2)		Pricing Methods
with Significant
Unobservable
Market Inputs
(Level 3)
Impact of Netting(1)
Total Net
Carrying Value
in Consolidated
Statement of
Condition
Assets:
Trading account assets:
U.S. government securities$55 $— $— $55 
Non-U.S. government securities— 124 — 124 
Other— 648 — 648 
Total trading account assets$55 $772 $— $827 
Available-for-sale investment securities:
U.S. Treasury and federal agencies:
Direct obligations$23,260 $— $— $23,260 
Mortgage-backed securities— 15,586 — 15,586 
Total U.S. Treasury and federal agencies23,260 15,586 — 38,846 
Non-U.S. debt securities:
Mortgage-backed securities— 2,578 — 2,578 
Asset-backed securities— 2,085 — 2,085 
Non-U.S. sovereign, supranational and non-U.S. agency— 17,731 — 17,731 
Other— 2,826 — 2,826 
Total non-U.S. debt securities— 25,220 — 25,220 
Asset-backed securities:
Student loans— 64 — 64 
Collateralized loan obligations— 2,905 — 2,905 
Non-agency CMBS and RMBS(2)
— 3 — 3 
Other— 91 — 91 
Total asset-backed securities— 3,063 — 3,063 
State and political subdivisions— 25 — 25 
Other U.S. debt securities— — — — 
Total available-for-sale investment securities$23,260 $43,894 $— $67,154 
Other assets:
Derivative instruments:
Foreign exchange contracts$5 $14,218 $1 $(10,073)$4,151 
Interest rate contracts3 31 — (31)3 
Other derivative contracts1 — — — 1 
Total derivative instruments9 14,249 1 (10,104)4,155 
Other22 832 — — 854 
Total assets carried at fair value$23,346 $59,747 $1 $(10,104)$72,990 
Liabilities:
Accrued expenses and other liabilities:
Derivative instruments:
Foreign exchange contracts$— $14,097 $— $(9,231)$4,866 
Interest rate contracts— 5 — (5)— 
Other derivative contracts— 159 — — 159 
Total derivative instruments— 14,261 — (9,236)5,025 
Total liabilities carried at fair value$— $14,261 $— $(9,236)$5,025 
(1) Represents counterparty netting against level 2 financial assets and liabilities where a legally enforceable master netting agreement exists between us and the counterparty. Netting also reflects asset and liability reductions of $2.48 billion and $1.61 billion, respectively, for cash collateral received from and provided to derivative counterparties.
(2) Consists entirely of non-agency CMBS.
Schedule of Reported and Estimated Fair Values of Financial Assets and Liabilities Not Carried at Fair Value
The following tables present the reported amounts and estimated fair values of the financial assets and liabilities not carried at fair value, as they would be categorized within the fair value hierarchy, as of the dates indicated:
 Fair Value Hierarchy
(In millions)
Carrying
Value
Estimated Fair ValueQuoted Market Prices in Active Markets (Level 1)Pricing Methods with Significant Observable Market Inputs (Level 2) Pricing Methods with Significant Unobservable Market Inputs (Level 3)
March 31, 2026
Financial Assets:    
Cash and due from banks$6,518 $6,518 $6,518 $— $— 
Interest-bearing deposits with banks123,574 123,574 — 123,574 — 
Securities purchased under resale agreements8,187 8,187 — 8,187 — 
Investment securities held-to-maturity36,732 32,560 265 32,295 — 
Net loans(1)
49,022 48,867 — 47,587 1,281 
Other(2)
16,442 16,442 — 16,442 — 
Financial Liabilities:
Deposits:
   Non-interest-bearing$39,643 $39,643 $— $39,643 $— 
   Interest-bearing - U.S.174,723 174,723 — 174,723 — 
   Interest-bearing - non-U.S.78,975 78,975 — 78,975 — 
Securities sold under repurchase agreements969 969 — 969 — 
Other short-term borrowings3,981 3,981 — 3,981 — 
Long-term debt25,233 25,008 — 24,857 151 
Other(2)
16,442 16,442 — 16,442 — 
(1) Includes $74 million of loans classified as held-for-sale that were measured at fair value in level 2 as of March 31, 2026.
(2) Represents a portion of underlying client assets related to our prime services business, which clients have allowed us to transfer and re-pledge.
Fair Value Hierarchy
(In millions)
Carrying
Value
Estimated Fair ValueQuoted Market Prices in Active Markets (Level 1)Pricing Methods with Significant Observable Market Inputs (Level 2) Pricing Methods with Significant Unobservable Market Inputs (Level 3)
December 31, 2025
Financial Assets:
Cash and due from banks$4,433 $4,433 $4,433 $— $— 
Interest-bearing deposits with banks126,930 126,930 — 126,930 — 
Securities purchased under resale agreements6,812 6,812 — 6,812 — 
Investment securities held-to-maturity38,171 34,166 563 33,603 — 
Net loans(1)
46,589 46,417 — 44,862 1,555 
Other(2)
15,490 15,490 — 15,490 — 
Financial Liabilities:
Deposits:
  Non-interest-bearing$35,267 $35,267 $— $35,267 $— 
  Interest-bearing - U.S.168,079 168,079 — 168,079 — 
  Interest-bearing - non-U.S.71,004 71,004 — 71,004 — 
Securities sold under repurchase agreements841 841 — 841 — 
Other short-term borrowings3,821 3,821 — 3,821 — 
Long-term debt25,143 25,253 — 25,130 123 
Other(2)
15,490 15,490 — 15,490 — 
(1) Includes $92 million of loans classified as held-for-sale that were measured at fair value in level 2 as of December 31, 2025.
(2) Represents a portion of underlying client assets related to our prime services business, which clients have allowed us to transfer and re-pledge.